Italy's debt costs rose only slightly at its last auction of long-term debt in 2012, drawing a solid response from investors yet to be unnerved by the risks surrounding February elections and
– Greece could yet rekindle crisis; also risk policymakers relax Back in May, as the euro zone veered deeper into crisis, Nobel Prize-winning economist Paul Krugman penned one of his gloomiest columns
The yen fell to its lowest level in more than two years on Friday, lifting Japanese stocks to 21-month highs on expectations of drastic monetary easing, while shares in the rest of
Greece's central bank said the country's four biggest banks needed 27.5 bln euros ($36.3 bln) of fresh capital to restore their solvency ratios, confirming disclosures by the lenders last week. Battered by
Investors in Spain's embattled Bankia can take some comfort from the prior experience of shareholders at Ireland's largest retail bank, Allied Irish Banks. Bankia now has a negative equity value of 4.2
Greek prosecutors sent a list of possible tax cheats to parliament, court sources said, in a case that has highlighted Athens' failure to crack down on the tax evasion that has contributed
The Bank of Cyprus issued a profit warning Thursday saying that Group after-tax results for 2012 and before the impairment of Greek government bonds (GGBs) wll be worse than the full results
Shareholders of Greece's Alpha Bank approved a convertible bond issue to be placed with Credit Agricole as part of a deal to take over the French lender's ailing Greek unit. They also
U.S. stocks declined on Thursday after the leader of Senate Democrats warned the United States appeared headed over the "fiscal cliff" and data showed consumer confidence fell to a four-month low. With
Shoppers in euro zone nations battered by years of recession and crisis are on the hunt for bargains, delaying their purchases until the last minute, or simply not buying at all as
